First Direct charges £37.50 for any Direct Debit that is returned unpaid. How can this be justified?
2007-07-02 23:03:50 · 3 answers · asked by Christopher P 2 in Business & Finance ➔ Personal Finance
Why are people from the US answering on here. Sorry, but it's entirely irrelevant because the system is different.
BTW, a Direct Debit is not a "check" and I was assured this had been cancelled at my request, yet the bank still took the money and raised a charge. I will call them later to resolve this.
2007-07-02 23:17:04 · update #1
It can't be, which is why you can successfully claim it back (and first direct are very good at paying back charges with a minimum of fuss!).
Have a look at my site below which has detailed step by step guides to claiming back your bank charges, and the latest bank charge news and developments. We also have forums for one to one help and support during your claim.
So far the site has helped many people claim back thousands from a range of banks and building societies!
2007-07-02 23:07:05 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Banks gotta make money for their stockholders (at least in the US, I would imagine that British banks are also owned by stockholders). It's a fee for the service you use. If you don't like that particular fee, don't use that particular service. Just as you shop for the lowest price when you buy a car, you should shop for financial services that charge the lowest fees, earn the highest savings rates, or charge the lowest loan rates.
Check out a credit union (or whatever they are called in Britain) - they are not-for-profit, member owned financial cooperatives.
2007-07-02 23:11:41 · answer #2 · answered by Leah 4 · 0⤊ 2⤋
It can't. Be an adult and don't bounce your checks.
2007-07-02 23:09:54 · answer #3 · answered by Common Sense 7 · 0⤊ 2⤋